Relic Technologies: Radhika Shriram Converts 3,00,000 Warrants into Equity Shares

Relic Technologies Limited has disclosed the conversion of warrants into equity shares by promoter Radhika Shriram under the substantial acquisition regulations. The conversion, completed on December 13, 2025, involved 3,00,000 warrants being converted into an equal number of equity shares.

Warrant Conversion Details

The conversion represents the culmination of warrants that were previously issued on a preferential basis to both promoters and public shareholders. Radhika Shriram held 3,00,000 warrants, which constituted 5.83% of the company's share capital before the conversion.

Parameter	Details
Warrants Converted	3,00,000
Conversion Date	December 13, 2025
Acquirer	Radhika Shriram (Promoter)
Mode of Acquisition	Conversion of warrants issued on preferential basis

Impact on Share Capital Structure

The warrant conversion has resulted in an expansion of Relic Technologies' equity share capital. The company's share capital structure underwent the following changes:

Metric	Before Conversion	After Conversion
Share Capital	₹5.15 crores	₹5.59 crores
Number of Shares	51,50,000	55,91,164
Face Value per Share	₹10.00	₹10.00

Shareholding Pattern Changes

Following the conversion, Radhika Shriram's shareholding in Relic Technologies has been adjusted to reflect the expanded share capital. Her holding of 3,00,000 equity shares now represents 5.37% of the total voting capital.

Holding Details	Shares	Percentage
Equity Shares Held	3,00,000	5.37%
Voting Rights	3,00,000	5.37%
Warrants Remaining	Nil	0.00%

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The company filed the necessary documentation with BSE Limited on December 15, 2025, providing details of the acquisition arising from warrant conversion. Relic Technologies Limited is listed on BSE with the scrip code 511712.

Relic Technologies Limited has filed a substantial acquisition disclosure with BSE Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, dated December 15, 2025. The disclosure relates to the acquisition of equity shares arising from the conversion of warrants issued on a preferential basis to promoter and public shareholders.

Transaction Details

The acquisition involved promoter Karthik Iyer, who converted warrants into equity shares of the company. The transaction details are summarized below:

Parameter	Details
Acquirer	Karthik Iyer (Promoter)
Shares Acquired	35,000 equity shares
Acquisition Date	December 13, 2025
Mode of Acquisition	Conversion of warrants issued on preferential basis
Shareholding Percentage	0.63% of total voting capital

Pre and Post-Transaction Holdings

Before the warrant conversion, Karthik Iyer held 35,000 warrants representing 0.68% of the company's diluted share capital. Upon conversion, these warrants were transformed into an equivalent number of equity shares.

Holding Status	Number of Shares	Percentage of Total Voting Capital
Before Conversion	35,000 warrants	0.68%
After Conversion	35,000 equity shares	0.63%

Impact on Share Capital

The warrant conversion resulted in an expansion of the company's equity share capital. The company's capital structure changed as follows:

Capital Structure	Before Transaction	After Transaction
Equity Share Capital	₹5.15 crores	₹5.59 crores
Number of Shares	5,150,000	5,591,164
Face Value per Share	₹10.00	₹10.00

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations governing substantial acquisitions of shares and takeovers. Relic Technologies Limited, listed on BSE Limited with scrip code 511712, submitted the required documentation to the Department of Corporate Services at BSE.

This transaction represents a conversion of previously issued warrants into equity shares, with the promoter maintaining his stake in the company through the conversion process.